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ES Journal Archive (2006 - 2008)
- Thread starter Buy1Sell2
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Now is Now, I think you could be a good addition to this thread if you wanted to "hook on" here. As far as authenticating your trading, I think the best thing you can do is post up a general game-plan you have ahead of time. Then when it comes time to make your move, you can make a realtime post of your entry and where your stop and target are (if pre-defined).
Aside from the ego-stroking aspect of making a good call, posting here is good because it allows you to fully think out your plan, and then holds you to it. I've found its easy to get caught up in the market and "feel" differently during the trade day, but you can act confidently if you've pre-meditated your trade with a clear head.
Aside from the ego-stroking aspect of making a good call, posting here is good because it allows you to fully think out your plan, and then holds you to it. I've found its easy to get caught up in the market and "feel" differently during the trade day, but you can act confidently if you've pre-meditated your trade with a clear head.
Quote from Now is Now:
I feel that there should be a clear segregation between real money accounts on the forum from the Walter Mittys et al. as , as stands, it would appears to undermine the benefits this forum can offer.
Therefore, I would like to know from you guys , as you seem to be a smart bunch, should I set up a separate thread or what thread should I hook onto?
To authenticate my trading activity over time how should I demonstrate it? I look forward to you suggestions.
Making live calls on ET is problematic, to say the least.
If you are a beginner and want some feedback on your trading I can see the point. Then you should set up a journal and post your trading rules and details of trades so that they can be critiqued by more experienced traders.
However, I can never understand why any experienced trader would want to make live calls on ET. Do you really care about what anyone on an internet forum thinks about your trading? What do you achieve by doing this? Gratification of ego, but little else. Even if your calls are successful there will be ET members who will accuse you of faking your results. You didn't post it real time or faked the timestamp, show me audited statements etc. Even with audited statements they would still probably accuse you of faking them. Nor are real time trades necessary to prove one's trading knowledge. If you want to know if someone is a good trader simply observe what they say and how they behave.
Having said that, it is fun from time to time to give a live call for entertainment purposes, but it would be a chore and possibly a distraction to post all your trades and one that has little upside and much downside.
05-31-08 09:07 PM
Quote from fearless9:
I believe that the charts have quite a different impact on the player when he/she is actually trading a real account with a monetary outcome than just reviewing or replaying or siming.
regards
f9
Qote from Now is Now
I feel that there should be a clear segregation between real money accounts on the forum from the Walter Mittys et al. as , as stands, it would appears to undermine the benefits this forum can offer.
I am contemplating offering myself to the slaughter by either creating a new thread or "hooking" onto an existing thread...
good morning Now is Now
If you want to comment and learn about ES then you might as well post here as you will find here is no different to any other thread in terms of behaviour.
Bear in mind that as Posters we are running on the cutting edge of our trading knowledge (or should be) and in some cases on the cutting edge of our emotions.
Please bear in mind that these two appear to be inversely related.
Also you will notice that the cutting edge is all over the place with many Posters which leads you to wonder .........
A strong desire to track "live calls" could leave you more confused than when you started following the thread.
Some Posters will freely acknowledge that they have learned a great deal from threads relating directly to trading and of course they would be the best (and only) judge of this. Who are we to comment on other peoples knowledge absorption.
But what have they taken on board and will it need to be discarded in order to make progress in the future.
As far as I can tell Trading begins and continues on a trial and error basis.
Broad at first and eventually tuning itself as you begin to see the market (ES) in it's naked form and as such begin to carve out a niche for yourself as a Trader.
So, yes you will learn something here.
Just be aware that some of what you learn may restrict your own ability to think laterally and may need to be unlearned at a later stage.
I imply no criticism of any Poster to this thread, these are purely a few thoughts on the subject of learning to become a consistently profitable Trader.
regards
f9
Quote from fearless9:
I believe that the charts have quite a different impact on the player when he/she is actually trading a real account with a monetary outcome than just reviewing or replaying or siming.
regards
f9
Qote from Now is Now
I feel that there should be a clear segregation between real money accounts on the forum from the Walter Mittys et al. as , as stands, it would appears to undermine the benefits this forum can offer.
I am contemplating offering myself to the slaughter by either creating a new thread or "hooking" onto an existing thread...
good morning Now is Now
If you want to comment and learn about ES then you might as well post here as you will find here is no different to any other thread in terms of behaviour.
Bear in mind that as Posters we are running on the cutting edge of our trading knowledge (or should be) and in some cases on the cutting edge of our emotions.
Please bear in mind that these two appear to be inversely related.
Also you will notice that the cutting edge is all over the place with many Posters which leads you to wonder .........
A strong desire to track "live calls" could leave you more confused than when you started following the thread.
Some Posters will freely acknowledge that they have learned a great deal from threads relating directly to trading and of course they would be the best (and only) judge of this. Who are we to comment on other peoples knowledge absorption.
But what have they taken on board and will it need to be discarded in order to make progress in the future.
As far as I can tell Trading begins and continues on a trial and error basis.
Broad at first and eventually tuning itself as you begin to see the market (ES) in it's naked form and as such begin to carve out a niche for yourself as a Trader.
So, yes you will learn something here.
Just be aware that some of what you learn may restrict your own ability to think laterally and may need to be unlearned at a later stage.
I imply no criticism of any Poster to this thread, these are purely a few thoughts on the subject of learning to become a consistently profitable Trader.
regards
f9
Thanks London and Fearless for your comments...
Should I proceed , one thing has to be understood from the outset...there will NOT be any LIVE Calls or any other tommy rot that will preclude me from staying focused on trading itself.
In my opinion, that suggestion is off the wall and would lead to constant drivel through misunderstanding or undermining such calls...absolutely no way.
I am not "learning" to trade....in my past life I traded SP biggies and to give you an idea how backward I am , I did it all by telephone....direct on line trading is really "new " me and I have been using a simulated account from my broker to acclimatized myself to trading on line...am now feeling comfortable to get on with it, although my index finger and big finger don't always "cooperate" and I continue to make order errors. Getting better though...
In relation to verifying my account activity...if it needs additional verfication beyond downloading a statement ,with certain confidential info removed, I can blow that out of the water, by having a moderator contact my broker ,who can then get an independent confirmation...if the moderator was in agreement.
I will go back and re read your comments to see if there are any other points I need to clarify.
Should I proceed , one thing has to be understood from the outset...there will NOT be any LIVE Calls or any other tommy rot that will preclude me from staying focused on trading itself.
In my opinion, that suggestion is off the wall and would lead to constant drivel through misunderstanding or undermining such calls...absolutely no way.
I am not "learning" to trade....in my past life I traded SP biggies and to give you an idea how backward I am , I did it all by telephone....direct on line trading is really "new " me and I have been using a simulated account from my broker to acclimatized myself to trading on line...am now feeling comfortable to get on with it, although my index finger and big finger don't always "cooperate" and I continue to make order errors. Getting better though...
In relation to verifying my account activity...if it needs additional verfication beyond downloading a statement ,with certain confidential info removed, I can blow that out of the water, by having a moderator contact my broker ,who can then get an independent confirmation...if the moderator was in agreement.
I will go back and re read your comments to see if there are any other points I need to clarify.
Now is now,
Why would you be posting? There are several good reasons to do so, what is yours? You seem to care a great deal whether people believe you or not and I can only think of one reason for that, which is to prove yourself so you can sell something. If that is the case you are not welcome on this thread, you should start your own. If you wish to post real time trades in the ES with a stop, and without ulterior motive, then feel free the more the merrier.
Why would you be posting? There are several good reasons to do so, what is yours? You seem to care a great deal whether people believe you or not and I can only think of one reason for that, which is to prove yourself so you can sell something. If that is the case you are not welcome on this thread, you should start your own. If you wish to post real time trades in the ES with a stop, and without ulterior motive, then feel free the more the merrier.
I am not trying to sell anything.
Since when were you made custodian of the "welcome mat"?
My trading model requires me making approximately 5 - 8 trades a day, therefore it simply would not be practical to be coming in and out of the thread as my focus is trading not play-by-play commentary.
As time moves on I will also be trading Yen and gold in addition to the mini
Since when were you made custodian of the "welcome mat"?
My trading model requires me making approximately 5 - 8 trades a day, therefore it simply would not be practical to be coming in and out of the thread as my focus is trading not play-by-play commentary.
As time moves on I will also be trading Yen and gold in addition to the mini
Another spectacular ego with a whole 12k. Let us all bow to your trading and linguistic prowess. Having watched hundreds of traders try and fail over the last two decades it seemed that the two biggest problems they have to overcome is ego and greed. This guy has clearly not conquered the first. No need to reply to me, I won't waste any more time on you.
Quote from opt789:
Another spectacular ego with a whole 12k. Let us all bow to your trading and linguistic prowess. Having watched hundreds of traders try and fail over the last two decades it seemed that the two biggest problems they have to overcome is ego and greed. This guy has clearly not conquered the first. No need to reply to me, I won't waste any more time on you.
The proof will be in the pudding.
Quote from JSSPMK:
So why would you stop after you get -3 on any 1 trade? Maybe your average position size is too big to cope with losses psychologically? After all the market doesn't care if you are down on 1 trade, if there is another high probability set up that same day you prevent yourself from exploiting it.
Let me clarify. I will only stop trading for the day, if I start with a losing trade on the first trade. If I am up for the day and I have a losing trade, I am still open to taking another trade if the signals shows up. But if I start with a loss, I consider it discipline to be able to walk away, clear my mind, and not trick my self into thinking I have to revenge trade to make the previous loss up. This is just my rule, it only took one 150 point loss per contract in ym revenge trading with that deer in the headlights look a few years ago for me to implement it.
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